US Remittance Tax: Millions of Mexican Families Await Senate Decision

Millions of Mexican families are anxiously awaiting the US Senate's decision on a proposed 3.5% tax on remittances. The House of Representatives has already approved the measure, which would take effect in 2026. This has prompted a wave of concern among migrants in the US who send money home to support their families. "This tax would devastate our families," said one migrant in a letter to the Senate. The letter highlights the crucial role remittances play in covering basic needs like food and housing in Mexico. The potential impact on poverty levels is significant, potentially exacerbating existing economic challenges. The Senate's decision is expected soon and will have far-reaching consequences for millions of families.